Pella, IA—50219
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pella, IA
Pella, IA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $348,000 | 4.6% |
| Single Family | $350,000 | 4.2% |
| Condos | $294,000 | 5.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $250,000 | 5.0% |
3 Bed | $331,000 | 4.4% |
4 Bed | $414,000 | 4.5% |
| 5 Bed | $532,000 | 4.3% |
% of Housing Stock
Rental Trends — Pella, IA
As of July '25, Rentcast reports the average rent in Pella, IA is $1,140, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Pella, IA is 1-bedrooms: $976, 2-bedrooms: $1,270, 3-bedrooms: $1,440. The most common rental property sizes in Pella, IA are 2-bedroom and 1-bedroom, accounting for 44.9% and 19.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,020 | $1,140 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $975 | $976 |
| 2 Bed Rent | $1,300 | $1,270 |
| 3 Bed Rent | $1,400 | $1,440 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Pella, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Pella, IA is 77. This is a increase of 32.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $435,000 | 1.0% |
Listing Count | 84 | 29.0% |
| Listings as % of Homes | 0.9% | 29.0% |
Days on Market | 77 | 32.0% |
Demographics — Pella, IA
As of the latest ACS Survey released in 2023, Pella, IA has a population of 14,300, which has increased by 5.2% over the past 5 years. Pella, IA is a moderately popular place for families, as children make up 23.6% of the population. The area has a highly educated workforce, with 46.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,300 | 5.2% |
% Under 18 | 23.6% | 8.8% |
% Seniors | 20.0% | 17.0% |
% WFH | 7.0% | 40.0% |
% w/ College Degree | 46.0% | 17.3% |
As of the latest ACS Survey released in 2023, Pella, IA is a predominantly white area, with 94.6% of the population identifying as white. The white population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Pella, IA is hispanic, making up 2.5% of the population. Foreign-born residents account for 2.7% of the population in Pella, IA, and this percentage has decreased by 22.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.6% | 1.2% |
% Black | 0.5% | 25.0% |
% Hispanic | 2.5% | 13.6% |
% Asian | 1.4% | -30.0% |
% Foreign Born | 2.7% | -22.9% |
Mortgage and Risk — Pella, IA
According to HUD data as of 2023, there were 250 mortgage originations in Pella, IA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Pella, IA. Investor activity is low, as 6.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 250 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Pella, IA
Pella, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 112 |
Total Units Section 8 | 83 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$105 | $975 | $870 |
| 2 Bedroom | -$190 | $1,300 | $1,110 |
| 3 Bedroom | -$70 | $1,400 | $1,330 |
| 4 Bedroom | N/A | N/A | $1,470 |
Affordability — Pella, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $348,000 |
| Median Household Income | $83,600 |